RICHARD DREW
Le Chateau Inc. , which fell 2 per cent yesterday, reported net earnings for the fourth quarter of $1.1-million or $0.05 per share (diluted) compared to net earnings of $4.2-million or $0.17 per share the previous year.
Cascades Inc. , which eased 1 per cent yesterday, announced the consolidation of its corrugated product plants in its Norampac division in Ontario. The consolidation translates into an investment in excess of $30-million in the Vaughan, St. Mary's, Etobicoke and Belleville plants, and the closing of the North York and Peterborough units, as well as the OCD plant in Mississauga.
Exco Technologies Ltd. , which is trading near year highs, announced results for its second quarter ended March 31, 2012. Year-to-date sales increased 22 per cent, year-to-date profits increased 70 per cent, quarter-end cash on hand increased 45 per cent to $22.4-million, quarterly dividend increased by 25 per cent and no bank debt.
Mandalay Resources Corp. , which gained 4.5 per cent on Wednesday, said it produced a total of 5,880 oz. of gold, 489 tonnes of antimony, and 396,624 oz. of silver, representing a total of 16,988 oz. of gold equivalent production in the first quarter. Its Cerro Bay mine in Chile achieved record production.
Madalena Ventures Inc. realized a net loss of $16.14-million for the year ended Dec. 31, 2011 compared to $3.89-million in 2010. Net loss decreased to $1.59-million for the first quarter, compared to $1.72-million for the corresponding period in 2010.
Catch the Wind Ltd. , which is trading at year lows, recorded a net loss for 2011 of $24.0-million or $0.24 per share, compared to a net loss $15.8-million or $0.26 per share for 2010.
Look Communications Inc. said net loss for the second quarter was $1.0-million, or a basic loss per share of $0.008.
GuestLogix Inc. which closed 2 per cent higher yesterday, announced today the addition of Chinese, Japanese and Korean versions of its industry-leading onboard retailing software. The company said this supports its plans for footprint expansion in the Asia-Pacific region.
Tembec Inc. which was down slightly at yesterday's close, said it generated a net loss of $14-million or $0.14 per share in the March quarter, compared to net earnings of $6-million or $0.06 per share in the previous year. Consolidated sales were $407-million, as compared to $452-million in the comparable period of the prior year. The company has also reached an agreement with employees from its Kapuskasing, Ontario newsprint mill, sawmill and forest operations.
Rockgate Capital Corp. which closed yesterday's session at day highs, today announced assay results from Falea Project. Drilling stepped out to both the west and east of the identified high-grade mineralization, extending those high grades, particularly high silver values, and above average thicknesses.